Carel Industries Balance Sheet Health
Financial Health criteria checks 6/6
Carel Industries has a total shareholder equity of €413.5M and total debt of €172.3M, which brings its debt-to-equity ratio to 41.7%. Its total assets and total liabilities are €842.2M and €428.6M respectively. Carel Industries's EBIT is €67.0M making its interest coverage ratio 7.1. It has cash and short-term investments of €88.3M.
Key information
41.7%
Debt to equity ratio
€172.32m
Debt
| Interest coverage ratio | 7.1x |
| Cash | €88.33m |
| Equity | €413.52m |
| Total liabilities | €428.63m |
| Total assets | €842.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CRLM's short term assets (€321.8M) exceed its short term liabilities (€172.1M).
Long Term Liabilities: CRLM's short term assets (€321.8M) exceed its long term liabilities (€256.5M).
Debt to Equity History and Analysis
Debt Level: CRLM's net debt to equity ratio (20.3%) is considered satisfactory.
Reducing Debt: CRLM's debt to equity ratio has reduced from 102% to 41.7% over the past 5 years.
Debt Coverage: CRLM's debt is well covered by operating cash flow (49.7%).
Interest Coverage: CRLM's interest payments on its debt are well covered by EBIT (7.1x coverage).